TD SYNNEX (NYSE:SNX) Hits New 12-Month High After Earnings Beat

TD SYNNEX Corporation (NYSE:SNX)’s share price reached a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $298.77 and last traded at $288.12, with a volume of 2575230 shares changing hands. The stock had previously closed at $283.25.

The business services provider reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.98. The firm had revenue of $21.56 billion for the quarter, compared to analyst estimates of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 16th. TD SYNNEX’s payout ratio is presently 13.74%.

TD SYNNEX News Roundup

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Fiscal Q3 EPS was $5.68, well above the roughly $4.70 consensus, while revenue rose 37.7% year over year to $21.56 billion, also exceeding expectations. Growth was led by the core Distribution business and Hyve Solutions. TD SYNNEX Q3 Earnings Beat Estimates on Distribution and Hyve Strength
• Positive Sentiment: Management issued substantially stronger-than-expected fourth-quarter guidance: adjusted EPS of $5.65-$6.15 versus the $4.80 consensus and revenue of $21.8-$22.6 billion versus estimates of $19.4 billion. TD Synnex Analysts Boost Their Forecasts After Q3 Results
• Positive Sentiment: Analysts raised their forecasts following the results, while management said AI infrastructure demand is accelerating as Hyve expands. Record billings and continued data-center demand support the growth outlook. SNX Q3 Earnings Call Highlights AI Infrastructure Momentum
• Neutral Sentiment: TD SYNNEX declared a quarterly dividend of $0.48 per share, or $1.92 annualized. The payout provides modest shareholder income but is unlikely to be the primary driver of the stock’s near-term performance.
• Negative Sentiment: The main concern is cash generation: rapid AI-related expansion consumed nearly $1 billion in free cash flow during the quarter. Higher inventory and working-capital needs, along with margin pressure in Hyve, prompted some investors to question the quality and sustainability of the growth. TD SYNNEX Burned Nearly $1 Billion in Cash
• Negative Sentiment: Reported insider-trading data showed selling rather than buying by several executives over the past six months, which may add a modest sentiment headwind, although it is less significant than the earnings and cash-flow issues. SYNNEX Releases Q3 2026 Earnings

Wall Street Analysts Forecast Growth

SNX has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a report on Friday, June 26th. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Morgan Stanley increased their target price on TD SYNNEX from $334.00 to $359.00 and gave the stock an “overweight” rating in a report on Friday. Barrington Research lifted their price target on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TD SYNNEX in a research report on Monday, September 14th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $331.14.

Insider Activity at TD SYNNEX

In other news, Director Ann F. Vezina sold 1,273 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the transaction, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. The trade was a 17.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the completion of the sale, the director owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. This represents a 21.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,273 shares of company stock worth $2,851,852 in the last three months. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in TD SYNNEX in the 2nd quarter valued at $1,958,683,000. Geode Capital Management LLC grew its holdings in shares of TD SYNNEX by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 1,532,784 shares of the business services provider’s stock worth $230,315,000 after purchasing an additional 99,090 shares in the last quarter. Metropolis Capital Ltd increased its position in shares of TD SYNNEX by 9.5% in the first quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after purchasing an additional 111,222 shares during the period. Bank of New York Mellon Corp acquired a new position in TD SYNNEX in the second quarter valued at about $149,728,000. Finally, Norges Bank bought a new stake in TD SYNNEX during the fourth quarter worth about $148,559,000. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX Price Performance

The firm has a market cap of $21.02 billion, a P/E ratio of 16.02, a PEG ratio of 0.72 and a beta of 1.43. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.64. The company’s 50-day moving average is $257.35 and its two-hundred day moving average is $237.39.

About TD SYNNEX

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.